$BNB

Binance Coin (BNB) and its role in the cryptocurrency ecosystem

Binance Coin (BNB) is the digital currency of Binance, one of the largest cryptocurrency exchanges in the world. Launched in 2017, BNB initially started as an ERC-20 token on the Ethereum platform but later migrated to Binance Chain. BNB not only serves as a means of paying transaction fees with significant discounts on Binance but is also used in various applications, from paying for services, purchasing event tickets to investments. Binance Smart Chain (BSC) heralds a new era for BNB, helping it become the backbone of DeFi projects due to its fast processing speeds and low fees. Thanks to its strong potential and widespread applications, BNB continues to assert its position in the crypto market.